NIKE, Inc.
NKENYSE
$38.02
Last price · USD
- Market cap
- $56.37B
- P/E
- 18.1x
- EV / EBITDA
- 13.2x
- P/S
- 1.2x
- FCF yield
- 3.9%
- Div. yield
- 4.27%
Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.
NIKE, Inc. cash flow statement
Annual · USD millions except per-share data · 37 lines
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 3,108 | 3,219 | 5,700 | 5,070 | 6,046 | -15.3% | |
| Depreciation & amortization | 747 | 808 | 844 | 859 | 840 | -2.9% | |
| Deferred income tax | (96) | (288) | (497) | (117) | (650) | — | |
| Stock-based compensation | 715 | 709 | 804 | 755 | 638 | +2.9% | |
| Change in working capital | (2,680) | (787) | 716 | (513) | (1,660) | — | |
| Accounts receivables | (1,207) | (257) | (329) | 489 | (504) | — | |
| Inventory | (31) | 120 | 908 | (133) | (1,676) | — | |
| Accounts payables | (959) | (426) | 397 | (225) | 1,365 | — | |
| Other working capital | (483) | (224) | (260) | (644) | (845) | — | |
| Other non-cash items | 1,074 | 37 | (138) | (213) | (26) | — | |
| Net cash from operating activities | 2,868 | 3,698 | 7,429 | 5,841 | 5,188 | -13.8% | |
| Operating cash flow | 2,868 | 3,698 | 7,429 | 5,841 | 5,188 | -13.8% | |
| Investing activities | |||||||
| Investments in PP&E | (684) | (430) | (812) | (969) | (758) | — | |
| Capital expenditure | (684) | (430) | (812) | (969) | (758) | — | |
| Purchases of investments | (1,316) | (3,234) | (4,767) | (6,059) | (12,913) | — | |
| Sales / maturities of investments | 1,577 | 3,381 | 6,488 | 7,540 | 12,166 | -40.0% | |
| Other investing activities | (65) | 8 | (15) | 52 | (19) | — | |
| Net cash from investing activities | (488) | (275) | 894 | 564 | (1,524) | — | |
| Financing activities | |||||||
| Net debt issuance | 0 | (1,001) | 0 | (504) | 15 | — | |
| Short-term net debt issuance | 0 | (1) | 0 | (4) | 15 | — | |
| Long-term net debt issuance | 0 | (1,000) | 0 | (500) | 0 | — | |
| Net stock issuance | 208 | (2,985) | (3,583) | (4,829) | (4,014) | — | |
| Common stock issuance | 354 | 0 | 667 | 0 | 0 | — | |
| Common stock repurchased | (146) | (2,985) | (4,250) | (5,480) | (4,014) | — | |
| Net common stock issuance | 208 | (2,985) | (3,583) | (5,480) | (4,014) | — | |
| Common dividends paid | (2,407) | (2,300) | (2,169) | (2,012) | (1,837) | — | |
| Net dividends paid | (2,407) | (2,300) | (2,169) | (2,012) | (1,837) | — | |
| Net preferred stock issuance | 0 | 0 | 0 | 651 | 0 | — | |
| Other financing activities | (93) | 466 | (136) | (102) | 1,000 | — | |
| Net cash from financing activities | (2,292) | (5,820) | (5,888) | (7,447) | (4,836) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | 11 | 1 | (16) | (91) | (143) | — | |
| Net change in cash | 99 | (2,396) | 2,419 | (1,133) | (1,315) | — | |
| Cash at beginning of period | 7,464 | 9,860 | 7,441 | 8,574 | 9,889 | -6.8% | |
| Cash at end of period | 7,563 | 7,464 | 9,860 | 7,441 | 8,574 | -3.1% | |
| Free cash flow | 2,184 | 3,268 | 6,617 | 4,872 | 4,430 | -16.2% | |
| Income taxes paid | 0 | 1,226 | 1,299 | 1,517 | 1,231 | — | |
| Interest paid | 0 | 389 | 381 | 347 | 290 | — | |